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Does it make sense for there to be any limits on the

1. Because future generations are likely to enjoy higher real incomes than the current generation, shouldn't we aim to run up the stock of debt so that those most able to pay face the higher taxes?

2. Does it make sense for there to be any limits on the ability of a democratically elected government to run ?scal de?cits? Does the fact that future generations cannot vote have any bearing on this issue?

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